Quantifying CDO Litigation Risk For The Less-Than-Godly Banks

Tyler Durden's picture

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Bear's picture

The Righteous One - Bank of America. With a name like that how could they fall prey to such nefarious schemes. After all they are US.

sushi's picture

You have any dirty laundry?

Neither do I.

But lets suppose I know where you stashed your undies. And maybe you know where I hid mine. So do I go down and talk to someone, just to be on the safe side? Or do I wait until they come talk to me? What kind of risk am I running here? Just to be on the safe side don't you think I should pick up the phone and make a courtesy call? And maybe make that call before you do? Cause once you learn to swim with the sharks you just can't stop moving.

excellent's picture

Corporate law in the US makes doing business, private or public, as anything other than a freaking corporation just downright stupid.

Fraud-Esq's picture

Until the SEC takes action on the AIG payouts to GS on the TCW deals, this hasn't even really started. Moreover, until the SEC brings to light the vertical integration of Wall Street with the originators and the harm done in the original NON-synthetic CDO's, the story isn't being told....a multiple industry racket. Investment banks absorbed other industries whole to keep it going. Allowing Wall Street to interface with America's middle and lower class was the general origin of the problem. We need emails and cold calls to the originators from Wall Street to tell the story from the start.

Ned Zeppelin's picture

Welcome to our side. Right on, brother, right on.

Jake3463's picture

Well you may throw your rock and hide your hand
Workin' in the dark against your fellow man
But as sure as God made black and white
What's done in the dark will be brought to the light